RFR’s First UES Project Takes $70M Refi to Go Condo

rfr-buildingAby Rosen’s RFR Realty closed a $70 million refinancing from M&T Bank for an Upper East Side apartment building it had recently considered selling.

RFR, which did not respond to calls for comment, will use the funds to convert the building to condominiums, sources with knowledge of the deal told Mortgage Observer. Read more at The Commercial Observer.